Bitcoin ATMs in Kenya Transform the Crypto Terrain Amid Regulatory Grey Areas
Picture this: Nairobi’s vibrant streets are not just bustling with everyday life; they are buzzing with the unmistakable hum of Bitcoin adoption. The recent emergence of “Bankless Bitcoin” ATMs in popular shopping venues signifies more than mere technological advance—it serves as a lifeline for many, offering cash-to-crypto conversion in spaces that have long been the bastion of traditional banking. Yet, as this infrastructure proliferates, an unsettling truth lurks beneath: the shadow of regulatory uncertainty looms large, jeopardizing the compliance and integrity of Kenya’s expanding crypto landscape.
Navigating the Regulatory Maze
The rollout of Bitcoin ATMs coincides with the ambitious launching of Kenya’s Virtual Assets Service…
